Morning MoneyBeat Asia: Nibbling on Apps, Waiting for Main Course

Market Snap: At the New York close: S&P 500 down 0.4% at 1676. DJIA down 0.2% at 15452. Nasdaq Comp down 0.3% at 3599. Treasury yields down; 10-year at 2.53%. Nymex crude oil down 0.3% at $106. Gold up 0.6% at $1,291/ounce.

How We Got Here: For the second straight day, U.S. stocks barely budged, despite a good chunk of meaty news on Tuesday. Goldman SachsJohnson & Johnson, and Coke all reported earnings and reports on consumer prices and industrial production were released.

Goldman continued what’s been a parade of good earnings reports for financials, but Coke’s numbers reflected pretty well the state of the global economy: earnings slipped, volume barely rose, the company wasn’t satisfied with its performance, and neither were investors. All in all, a torpid report in a languid market.

How languid is the market? The change in the Dow Monday and Tuesday totaled a loss of 12 points. The next two days likely won’t resemble the past two. The game these days is all about the Fed, and traders will get two full days of Ben Bernanke on Wednesday and Thursday, when he testifies before Congress.

Google Pitches Online TV Google has approached media companies about licensing their content for an Internet TV service that would stream traditional TV programming.

Concern About Jargon Tangles Tourre Trial A day after the judge warned lawyers to avoid confusing jurors with industry lingo, a lawyer for former Goldman Sachs executive Fabrice Tourre was afraid the parties were losing the jury.

Blackstone Names Managers for Mutual Fund:Blackstone Group LP has lined up 11 hedge-fund managers, including Cerberus Capital Management LP and Two Sigma Advisers LLC to manage client money in its first mutual fund, according to registration documents filed Monday.